| Parsons Project UK Ltd |
| Registered number: |
09028344 |
| Balance Sheet |
| as at 30 November 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Current assets |
| Debtors |
4 |
|
28,831 |
|
|
36,342 |
| Cash at bank and in hand |
|
|
120 |
|
|
84 |
|
|
|
28,951 |
|
|
36,426 |
|
| Creditors: amounts falling due within one year |
5 |
|
(7,265) |
|
|
(5,823) |
|
| Net current assets |
|
|
|
21,686 |
|
|
30,603 |
|
| Total assets less current liabilities |
|
|
|
21,686 |
|
|
30,603 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(27,626) |
|
|
(35,201) |
|
|
|
| Net liabilities |
|
|
|
(5,940) |
|
|
(4,598) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(6,040) |
|
|
(4,698) |
|
| Shareholders' funds |
|
|
|
(5,940) |
|
|
(4,598) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Andrew Buxton |
| Director |
| Approved by the board on 5 May 2026 |
|
| Parsons Project UK Ltd |
| Notes to the Accounts |
| for the year ended 30 November 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 December 2024 |
20,000 |
|
At 30 November 2025 |
20,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 December 2024 |
20,000 |
|
At 30 November 2025 |
20,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill has been fully amortised and the net book value at 30 November 2024 is £nil |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings |
|
28,831 |
|
36,342 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
6,631 |
|
5,523 |
|
Other creditors |
634 |
|
300 |
|
|
|
|
|
|
7,265 |
|
5,823 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
27,626 |
|
35,201 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Instalments falling due for payment after more than five years |
- |
|
6,107 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
At the reporting date, the company was owed £28,831 (2024: £36,342) by its immediate parent undertaking, Gym Factory Truro Ltd. The amount is unsecured, interest-free, and repayable on demand. |
|
|
| 9 |
Controlling party |
|
|
The company’s immediate parent company is Gym Factory Truro Ltd.
The ultimate parent undertaking and controlling party is Buckfield Holdings Ltd. |
|
|
| 10 |
Other information |
|
|
Parsons Project UK Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
SHMS House |
|
20 Little Park Farm Road |
|
Fareham |
|
Hampshire |
|
PO15 5TD |